Managers of Wealth Fintech

UnionPay expands across nine African markets via Standard Bank

UnionPay is launching e-commerce solutions in Botswana, Ghana, Kenya, Malawi, Namibia, Tanzania, Uganda, Zambia, and Zimbabwe.

Bank of America and Jio Financial Services Expand Digital Lending

The agreement will see Bank of America invest $1.9 billion, through a preferential allotment of equity shares and warrants.

Major banks are quietly shutting down ATMs in South Africa – except for two

Nedbank has seen its total number of ATMs shrink by approximately 4.4% since 2023.

Visa Launches New Infinite Cards for Affluent Customers in Malaysia

The invitation-only Visa Infinite Private sits at the top of the refreshed three-tier offering.

Matera Releases Open Source X9.150 Payment QR Code Implementation to Accelerate Industry Adoption

Free open source license enables banks, credit unions, fintechs and developers to download, run and explore the new ANSI X9.150 Payment QR Code Standard

Why wealthy clients’ hidden assets are banks’ biggest blind spot

There is a commercial cost too: a consolidated wealth view reveals exactly which assets sit outside the bank, opening the door to conversations that could bring that wealth in-house.

Amex expands virtual card capabilities

Virtual cards are a fast-growing commercial payment method that offer greater control through adjustable spending limits and added security through unique digital card numbers.

Citigroup's Consumer Cards to acquire fintech Kard

Its embedded, machine learning-powered personalization and matching capabilities simplify rewards for issuers, deliver meaningful value to customers and help brands reach high-intent consumers with measurable outcomes.

Revolut reduces WeWork access for premium members

The changes, which customers were not informed of, came after WeWork moved to increase how much it charges Revolut.

Itaú and OpenAssets join forces to test Brazilian capital market tokenisation

The programme, run by the Brazilian Financial and Capital Markets Association, tests how tokenised capital market instruments can be issued, settled, and managed compliantly.

Klarna boosts membership perks and removes service fees

Klarna credit card holders can switch between tiers of membership according to their needs, differing from most credit card accounts that lock in users for a year.

SeerBit integrates PayPal for African merchant payments

In addition, through the process of adding PayPal as a supported method, the company said merchants can offer a payment option already familiar to a large base of international shoppers, which may support buyer confidence during checkout.

Paysafe launches PaysafeWallet for consumers in Poland

The wallet combines digital payments, money transfers, bank transfers, cash top-ups, and a personal debit card within a single application.

More than half of Brits lose money acting on social media financial advice

Over half of Brits who have acted on financial advice on social media have lost money as a result, according to a TSB survey.

Mastercard, AFS launch corporate cards in the UAE and Egypt

Through the process of bringing payables and receivables into a single application, the companies said the aim is to reduce fragmentation across the payment lifecycle

Why fintech founders look at Montana MSB structures for cross-border payment projects

That is why Montana MSB structures attract attention from founders building cross-border finance businesses.

Technology modernization to improve customer experience for banks, credit unions

Automation, AI and a cloud strategy can reduce friction and support growth

KamelPay secures UAE payment licences

The company has stated that the licences have established the regulatory foundation for expanding its payment capabilities within the country’s digital payments ecosystem.

Bank transfers are now free for Paysera merchants in Lithuania, Latvia and Estonia

The change takes effect together with the launch of Checkout Modern, a new payment platform now open to all of the company's merchants in Lithuania, Latvia, and Estonia.

Wells Fargo outlines tokenised deposits launch for corporate payments

The new solution, launching this Autumn using Wells Fargo's proprietary blockchain platform, will allow clients to move funds between accounts, subsidiaries, and counterparties with constant availability.

Retail Banking